Substack shares its financials as required by crowdfunding rules: $11.9M in 2021 gross revenue vs. $2.4M in 2020 and a $22.9M net loss in 2021 vs. $2.3M in 2020
When newsletter platform Substack last month launched a crowdfunding campaign, its writers and fans responded with more than $7.5 million …
Sources: US prosecutors are investigating whether Sam Bankman-Fried manipulated TerraUSD and LUNA markets, leading to the cryptocurrencies' collapse in May 2022
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
A look at CoinDesk's blockbuster Alameda scoop that led to FTX's collapse and bankruptcy, adding to CoinDesk parent company Digital Currency Group's woes
What happens when a story has impact? … Depending on how you look at it, this is either a cautionary tale about how small and entwined … Tweets: @annkur , @anecdotal , @charlieshre...
Source: a16z's Future is shutting down; Future hasn't published a new article in months, most of its editorial staffers have left, and its newsletter is defunct
Sources: Twitter cut ~4,400 of its ~5,500 contract staff on November 12, which is expected to significantly impact content moderation and core infrastructure
Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact to content moderation and t...
Sources and docs: Elon Musk's SpaceX orders a large Twitter ad package, promoting Starlink in a “takeover” in Spain and Australia that can cost $250K+ per day
- Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter …
Sources: senior Stripe executives asked managers to restart giving lower ratings on performance reviews to 10% to 15% of staff, to prune the company's workforce
a16z moves its HQ to be “in the cloud” and plans to open offices in Miami Beach, New York, and Santa Monica “to be able to physically assemble anywhere”
Meta releases its first annual human rights report, covering 2020 and 2021 due diligence and summarizing a controversial human rights impact assessment of India
Katie Paul / Reuters :
Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders
FTX's $250 million credit facility offer - if inked as initially proposed - stood to effectively wipe out all BlockFi shareholders …
Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders
FTX's $250 million credit facility offer - if inked as initially proposed - stood to effectively wipe out all BlockFi shareholders …
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week
Happy Friday Everyone! 👋 Danny Nelson / CoinDesk : FTX in Talks to Acquire Part of BlockFi: Report Liam ‘Akiba’ Wright / CryptoSlate : FTX CEO Sam Bankman-Fried in talks to acquir...
[Thread] A look at Kraken's announcement of a culture overhaul, eschewing “stereotypical team diversity measurements”, as the crypto exchange touts hiring plans
for the simple reason that no one (including the owner) would be permitted to make political statements or gestures of any kind on the job. It would be a place to work, and not an ...
Internal Kraken comms and interviews with five workers: some staff accuse CEO Jesse Powell of fostering a hateful workplace and dozens are considering quitting
Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”
Critiques of “anti-crypto media personalities” and the “podcast circuit” miss that Web3 currently sucks and saying so is not an anti-blockchain conspiracy
lashing out at skeptics in a way usually reserved for CEOs of fraudulent companies. How did we get here? 1/ https://twitter.com/... Ben McKenzie / @ben_mckenzie : One interesting v...
Critiques of “anti-crypto media personalities” and the “podcast circuit” miss an essential point: Web3 currently sucks and saying so is not a conspiracy
Read to the end for a truly cursed TikTok — Web3 Being Not Very Good Is Not A Conspiracy Tweets: @sriramk , @devon_wiersma , @broderick , @levie , @rjcc , @josephmdurso , @willor...
Several women who attended Miami's Bitcoin 2022 conference were harassed and say the conference doesn't go far enough to enforce its anti-harassment policies
Several women who attended Miami's Bitcoin 2022 conference were harassed and say the conference didn't enforce its anti-harassment policies
For some women, inappropriate conduct from other conference-goers continued to haunt them online. — Miami's annual gathering of Bitcoin zealots began with a bull. Tweets: @wired ...
A look at corporate raider tactics requiring 51% of a company's stock, which tend to treat remaining minority shareholders poorly, amid Twitter's “poison pill”
Poison pills — Here are some things you could do 1 : — Buy 51% of the stock of a public company …
Meta confirms a now-fixed Facebook bug led to a “massive ranking failure” that increased views of harmful content up to 30% over the past six months
A group of Facebook engineers identified a “massive ranking failure” that exposed as much as half of all News Feed views to potential …